Tax Agency Number (TAN) 30004113

Corporate Tax Consultants-Dubai

Corporate Tax Consultants
Corporate Tax Consultants

Corporate Tax Consultants : Saif Chartered Accountants, Dubai

Corporate Tax Consultants : The Ministry of Finance has announced the introduction of a 9% federal corporate tax in the UAE on business profits with a threshold of AED 375,000. This comes into effect from the financial year beginning 1st June 2023.

UAE Corporate Tax is amongst the most competitive in the world and the lowest in the GCC. The UAE CT is a Federal tax and will therefore apply across all Emirates and The Federal Tax Authority will be responsible for the administration, collection, and enforcement of UAE CT.

Do you need a Corporate Tax Consultant in Dubai?

Why Saif Chartered Accountants as your Corporate Tax Consultants in Dubai?

Preparing for corporate tax compliance early will avoid higher implementation costs and reduce the pressure on internal teams to complete these preparations within a tight last-minute deadline.

Our expertise and experience will ensure that your organization makes a smooth and seamless transition to the era of Corporate Tax.

UAE Corporate Tax : Scope
  • All businesses and individuals conducting business activities under a commercial licence in the UAE.
  • Free Zone businesses (The UAE CT regime will continue to honors the CT incentives currently being offered to free zone businesses that comply with all regulatory requirements and that do not conduct business set up in the UAE’s mainland.)
  • Foreign entities and individuals only if they conduct a trade or business in the UAE in an ongoing or regular manner
  • Banking operations.
  • Businesses engaged in real estate management, construction, development, agency and brokerage activities.

  • Exemptions from UAE Corporate Tax
  • Businesses engaged in the extraction of natural resources are exempt from CT as these businesses will remain subject to the current Emirate level corporate taxation.
  • Dividends and capital gains earned by a UAE business from its qualifying shareholdings will be exempt from CT.
  • Qualifying intra-group transactions and reorganizations will not be subject to CT, provided the necessary conditions are met.

  • UAE Corporate Tax Rate

  • 0% for taxable income up to AED 375,000
  • 9% for taxable income above AED 375,000 and

  • Corporate Tax rate for free zones

    Free Zone (including financial free zones) businesses in UAE will be subject to Corporate Tax. However, it has been clarified that the Corporate Tax regime will continue to honour the corporate tax incentives currently being offered to free zone businesses that comply with all regulatory requirements and that do not conduct business in mainland UAE. Businesses established in a free zone will be required to register and file a Corporate Tax Return.

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